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Showing 21 - 30 of 123 results for "Reverse mortgage"

Retirement funder partners with ME Bank

KARREN VERGARA  |  FRIDAY, 12 APR 2019
Specialist retirement funding provider Household Capital has partnered with industry super fund-owned ME Bank to establish a $100 million wholesale debt facility. The facility is designed to meet the unmet financial needs of retirees who plan to continue ...

New retirement loan launches

KARREN VERGARA  |  WEDNESDAY, 6 MAR 2019
... about $900 billion, Funder said, adding about 80% of retirees own their own home. The loan is different from a reverse mortgage. It provides a low interest rate and low loan-to-value ratio, better customer experience and partnered distribution with financial ...

Industry body rejects ABA banking code

KANIKA SOOD  |  MONDAY, 10 SEP 2018
... code are stronger than the current ABA code. COBA said this includes default fees, protection for guarantors, reverse mortgage protections, clearer language around responsible lending, more sympathetic language around customers facing financial difficulties ...

Reverse mortgage lenders shortsighted: ASIC

KARREN VERGARA  |  WEDNESDAY, 29 AUG 2018
... short term, many have a poor understanding of the risks and the long-term pitfalls, ASIC said. An ASIC review of reverse mortgage lending shows older Australians failed to consider how their loan could impact the ability to afford expenses in later years ...

Technical Services Forum looks at tax and aged care

KANIKA SOOD  |  FRIDAY, 8 JUN 2018
A room full of finance professionals tackled tricky case studies at the Challenger Financial Standard Technical Forum in Sydney yesterday afternoon. Technical services professionals from IOOF and BT Financial Group presented case studies based on two ...

DomaCom unitholders approve new trustee

JAMIE WILLIAMSON  |  THURSDAY, 30 NOV 2017
... introduce gearing, DomaCom chief executive Arthur Naoumidis said. DomaCom signaled its intentions to enter the reverse mortgage lending market in July, outlining plans for a senior equity release product, describing it as "a mechanism for elderly Australians ...

DomaCom and ASIC reach agreement on retirement products

JAMIE WILLIAMSON  |  WEDNESDAY, 13 SEP 2017
... Fractional property investor DomaCom has received relief from ASIC to enable to delivery of its newly-developed reverse mortgage lending product. DomaCom has received a decision in principle from the regulator to approve the relief to allow the Senior ...

ASIC targets retirement products and services

KARREN VERGARA  |  MONDAY, 4 SEP 2017
The corporate regulator has formed an internal working group to address financial issues of older Australians. In its 2017-18 Corporate Plan, ASIC highlighted it will examine financial products and services provided to older Australians - especially ...

DomaCom to ease issue of retirement funding

JAMIE WILLIAMSON  |  FRIDAY, 28 JUL 2017
Fractional property investment platform DomaCom has signaled a move into reverse mortgage lending, confirming it is developing a senior equity release product to be available before 2018. In its quarterly update DomaCom outlined its plans for a senior ...

La Trobe gains new ground on aged care

MICHELLE BALTAZAR  |  THURSDAY, 12 JAN 2017
... retirement lending product unseen in the Australian market. It is not quite a traditional bank loan and not quite a reverse mortgage. Instead, the La Trobe Financial Aged Care Loan combines certain elements of both to provide an alternative offering ...